“Innovation PEI's Business Development Division provides coordination and delivery of information and assistance to new and existing business in Prince Edward Island. Specifically, the division provides counselling, financial assistance, business guidance and entrepreneur education.”

The Enriched Investment Tax Credit program provides an addition to the existing PEI Investment Tax Credit of 10 per cent applied to certain capital investments by manufacturing and processing companies. For high‐productivity applications with a strong export focus, an enriched tax rebate of 25 per cent will be available through a pre-allowed certificate process.

The Share Purchase Tax Credit provides a tax rebate on Prince Edward Island personal income tax in the amount of 35 per cent of the value of an eligible investment in an eligible PEI corporation. The maximum credit that an individual may claim in any taxation year is $35,000.

The Specialized Labour Tax Credit is intended to help kick-start new business growth by providing an incentive for workers with specialized expertise or skills to accept employment on Prince Edward Island — where that knowledge or skill is not yet available in the PEI labour market. The tax rebate applies to the personal income tax paid, to a maximum of 17%, on eligible income earned by the eligible individual. This tax credit is effective for one year from the start date of employment.

The Province of Prince Edward Island is committed to the growth and development of its craft industry. Innovation PEI believes that offering educational opportunities for Island craftspeople will encourage the growth of this industry.

The Craft Development Program provides financial support to assist Prince Edward Island craftspeople expand and diversify the production of quality crafts for local and export market demand. Through this program, government will provide assistance to individuals, businesses and groups engaged or plan to be engaged in craft production and who wish to exploit new market opportunities as a means to creating full‐time employment.

The Web Presence Program provides a non-repayable contribution to Prince Edward Island businesses to assist them in establishing a presence on the internet. Prince Edward Island is becoming one of the leading provinces for web presence in Canada. The purpose of this program is to help Island companies increase business by adopting technology.

The Marketing Support Program provides financial assistance to Prince Edward Island businesses for marketing costs from start-up through to international exporting. Through this program, government will provide assistance to a business to implement its marketing plan in areas of research, market investigation, advertising and promotion.

Trade Team Prince Edward Island (TTPEI) is a partnership of the Atlantic Canada Opportunities Agency (ACOA), Innovation PEI and other federal and provincial departments and agencies. Under this program, export ready companies on PEI are given access to a pool of qualified consultants who provide assistance tailored to their specific export-related needs.